News for hackers. Stuff that matters.
Re:Ask HN: Anyone else feels the commoditization of real est... by aaaaaaaaata on Saturday August 13, 2022 @08:59AM (#32449464)
> Imagine if we did the same thing with, say, water: privatized it and then "democratized" ownership of it.

We're watching this happen before our eyes.

Re:Ask HN: Anyone else feels the commoditization of real est... by iso1631 on Saturday August 13, 2022 @09:44AM (#32449809)
In most of the UK (England and Wales), water was privitised in 1989

General consensus even amongst the right-wing media and the media that aims to appeal to conservative voters [1-4] seems to be is that we have drought and hosepipe bans while the private companies pay out £1b dividends and it's not right.

[1] https://www.thetimes.co.uk/article/54e5542a-1a6b-11ed-b1f4-6...

[2] https://www.guardian-series.co.uk/news/20604864.privatisatio...

[3] https://www.thetimes.co.uk/article/37ddb10c-157e-11ed-a669-5...

[4] https://www.telegraph.co.uk/environment/2022/08/09/water-fir...

Re:Ask HN: Anyone else feels the commoditization of real est... by dazc on Saturday August 13, 2022 @10:04AM (#32449977)
Showing my age, but back in 1976, where I lived, water was being brought in by tanker day and night during the hottest summer on record.

I'm not saying privatisation has been a glowing success but supply issues were much worse in the days of nationalisation, especially when you factor in the population growth over the past few decades.

Re:Ask HN: Anyone else feels the commoditization of real est... by nosianu on Saturday August 13, 2022 @10:45AM (#32450393)
There is the huge confounder that everywhere in the developed world - and even in the less developed world like East Germany, where I grew up, a lot of infrastructure was added and improved over the decades after WWII and it has nothing whatsoever to do with private vs. government (or, in the case of Germany mostly, for water and energy) municipal ownership. Many houses had coal stoves and privies a few decades ago, that is simply how it was, not a question of "we need to privatize water and heating".

Here in Germany especially water is usually operated and owned by local municipally owned enterprises, and I'd say it's a huge success. Even my home district in East Germany (GDR) build a huge water infrastructure project with a dam, many kilometers of large pipes, and one or more (don't know exactly how many) water processing plants, definitely nothing privately owned there. People including those in power just put a very high value on having enough and reliable supply of water in Germany, and it has nothing to do with private vs. government, given what we have now with mostly local and state governments providing. In recent years a lot more private companies entered the picture, but I'm not sure about ownership (municipalities also operate their own companies), in the end it's an attitude question more so than blaming it of "private better". You can have success or failure with either model.

Re:Ask HN: Anyone else feels the commoditization of real est... by effingwewt on Saturday August 13, 2022 @01:16PM (#32451830)
There are still houses in the US being built right now that have zero water and all must be delivered by tanker.

No wells to be dug, no neighbors to beg from, and now that the Colorado River is dangerously low they are stopping the delivery trucks.

This means people will have to move eventually, and good luck selling your 1.5 million dollar home with no water access.

Lol, California has 'severe drought conserve water' as all the businesses keep watering their 100% unnecessary grass, Nestle bottles it up and sells it back to us, we have almonds being grown to make fucking almond milk, and we have strained power grids warning of high power consumption while every fucking business leaves their signage and parking lots lit up like fucking Christmas.

But it's we the people taking showers and running the AC that is the problem.

None of this makes any sense!

Re:Ask HN: Anyone else feels the commoditization of real est... by KineticLensman on Saturday August 13, 2022 @11:31AM (#32450804)
There have been precisely zero new reservoirs brought into service in England over the last 30 years while the population has as you say grown considerably. There has been relatively little infrastructure maintenance, leading to high-levels of leakage, and over-extraction from once healthy rivers. I'd agree that things weren't perfect in 1976 but privatization has failed to noticeably improve things either while totally failing to prepare for the changes required by a growing population and worsening climate.
Re:Ask HN: Anyone else feels the commoditization of real est... by scatters on Saturday August 13, 2022 @01:14PM (#32451810)
Water leakage is not a problem. The water goes back into the aquifer, where it should be anyway. It's a minor waste of energy and treatment chemicals, since it's drinkable water, but the water itself is not lost.
Re:Ask HN: Anyone else feels the commoditization of real est... by feet on Saturday August 13, 2022 @09:33AM (#32449709)
Nestlé is at the forefront of taking over a water supply and selling it back to the locals to enrich the corporation at the expense of the humans who live there
Re:Ask HN: Anyone else feels the commoditization of real est... by missedthecue on Saturday August 13, 2022 @10:09AM (#32450036)
If you don't like that, the logical thing is to support water commiditization so that nestle doesn't get it for free.
Re:Ask HN: Anyone else feels the commoditization of real est... by feet on Saturday August 13, 2022 @10:47AM (#32450421)
Water commodification is exactly what Nestlé is doing

What we need is regulation to stop them from doing that, not a different company selling and capturing the water. That's just more of the same thing which solves nothing.

Re:Ask HN: Anyone else feels the commoditization of real est... by missedthecue on Saturday August 13, 2022 @11:02AM (#32450541)
Nestle gets all the water they want for a $200 permit. That's not water commodification. They sell bottled water, but that's also not commodification of water. Almost 0% of US water consumption comes from a plastic bottle, and you can't commodify a market with ~0% market share.
Re:Ask HN: Anyone else feels the commoditization of real est... by feet on Saturday August 13, 2022 @11:37AM (#32450857)
Your statement is false, what Nestlé does is literally the definition of commodification

Commodification definition:

the act or fact of turning something into an item that can be bought and sold: The commodification of water means that access is available only to those who can pay.

>https://www.dictionary.com/browse/commodification

Nobody mentioned the US. Nestlé does this in various other countries.

>https://www.theguardian.com/global/2018/oct/04/ontario-six-n...

Re:Ask HN: Anyone else feels the commoditization of real est... by missedthecue on Saturday August 13, 2022 @12:37PM (#32451456)
Nestle sells portable bottles. That's what differentiates their product from the tap.
Re:Ask HN: Anyone else feels the commoditization of real est... by feet on Saturday August 13, 2022 @12:59PM (#32451671)
They sell bottles filled with water, not everyone has access to tap water and Nestlé captures so much of a water source that locals don't have access to the freely available water that they did before.

Are you not aware that fresh water from wells depletes sources? The water table is limited.

You seem to be intentionally twisting the scenario in a disingenuous manner. Nestlé is selling water that was once free to a populace.

Re:Ask HN: Anyone else feels the commoditization of real est... by missedthecue on Saturday August 13, 2022 @03:43PM (#32453088)
If they didn't have access to freely available water, it cannot be true that Nestle is selling water that was once free to the populace. Your assertions are contradictory.
Re:Ask HN: Anyone else feels the commoditization of real est... by feet on Saturday August 13, 2022 @04:00PM (#32453251)
>they didn't have access to freely available water

Please quote my comment where I stated this.

I don't believe you have attempted to comprehend my statements, nor have you read the article I posted and are just making baseless assertions to be contradictory.

Re:Ask HN: Anyone else feels the commoditization of real est... by glyphy177 on Saturday August 13, 2022 @10:14AM (#32450084)
You won't have to imagine for long.